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11640 Edinboro Rd 10,640 SF Retail Building Edinboro, PA 16412 $1,550,000 ($145.68/SF) 7.09% Cap Rate
INVESTMENT HIGHLIGHTS
- Constructed in 2023 and Ideally Positioned Along High-Traffic Edinboro Road, Benefiting from Excellent Visibility and Exposure to 6,150+ VPD.
- 13 Year Absolute NNN Lease, Offering Investors a True Hands-Off, Management-Free Investment, Ideal for 1031 Exchange Buyers Seeking Stable Income.
- High-Income Trade Area, with Average Household Incomes exceeding $120,000 within 1-Mile and a Population of More Than 16,000 within a 5-Mile Radius.
- Situated Across From General McLane High School and James W. Parker Middle School, Serving a Combined Enrollment of Approximately 1,500 Students.
- Located Just 9 Miles from Erie, Pennsylvania’s 5th Largest City with a Population Exceeding 92,000, and Part of the 270,000 Person Erie MSA.
EXECUTIVE SUMMARY
Constructed in 2023 and Ideally Positioned Along High-Traffic Edinboro Road, Benefiting from Excellent Visibility and Exposure to 6,150+ VPD. Situated Across From General McLane High School and James W. Parker Middle School, Serving a Combined Enrollment of Approximately 1,500 Students. 13 Year Absolute NNN Lease, Offering Investors a True Hands-Off, Management-Free Investment, Ideal for 1031 Exchange Buyers Seeking Stable Income. Located Just 9 Miles from Erie, Pennsylvania’s 5th Largest City with a population Exceeding 92,000, and Part of the 270,000 Person Erie MSA. High-Income Trade Area, with Average Household Incomes exceeding $120,000 within 1-Mile and a Population of More Than 16,000 within a 5-Mile Radius.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
10,640 SF
Building Class
C
Year Built
2023
Price
$1,550,000
Price Per SF
$145.68
Cap Rate
7.09%
NOI
$109,926
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.10 AC
Zoning
A1
Frontage
165’ on Edinboro Road
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 45-007-012.0-007.06 | Improvements Assessment | $0 |
| Land Assessment | $46,200 | Total Assessment | $46,200 |
PROPERTY TAXES
Parcel Number
45-007-012.0-007.06
Land Assessment
$46,200
Improvements Assessment
$0
Total Assessment
$46,200
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11640 Edinboro Rd
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